The recovery of the Euro against the US Dollar seems to be running out of steam. A double peak may mark the best of the recovery, showing it to be a mere pause in the downward trend. I expect to see the downward trust re-emerging along the amber trend line in my chart.
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DerekUweri71
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Hello Krunchie, what would be your trigger to enter a short position?
KrunchieKilleen
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Hi, Derek: For the last while, EUR/USD has been see-sawing up and down. Daily shorts at the peaks and exits at the bottoms, until the chart breaks clearly through the Support Line, when a more permanent Short would be signalled.